Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has become a significant sector in India, providing livelihoods to millions of people. In a recent statement, Swiggy’s food marketplace chief, Rohit Kapoor, revealed that the gig economy has become a “third pillar of livelihood” in the country. This statement comes as a testament to the growing importance of the gig economy in India, with many individuals relying on it as a primary source of income. Kapoor’s remarks also highlighted the substantial amount of income flowing back into the hands of delivery partners, with over ₹5,000 crore paid out last year alone.
The gig economy, which includes companies like Swiggy, Zomato, and Uber, has been growing rapidly in India over the past few years. This growth can be attributed to the increasing demand for food delivery, ride-hailing, and other services that require a flexible workforce. As a result, the gig economy has become a vital source of employment for many Indians, particularly in urban areas. With the rise of the gig economy, many individuals have been able to earn a decent income, often working on a part-time or flexible basis.
According to Kapoor, the gig economy has become a “third pillar of livelihood” in India, alongside the traditional formal and informal sectors. This is a significant development, as it highlights the growing importance of the gig economy in providing employment opportunities to Indians. The fact that delivery partners earned over ₹5,000 crore last year is a testament to the substantial income flowing back into the hands of these workers.
Kapoor’s remarks come amid continued scrutiny of delivery partner earnings. There have been concerns raised about the low earnings of delivery partners, with some arguing that they are not paid fairly for their work. However, Kapoor’s statement suggests that the gig economy is providing a significant source of income for many delivery partners. The fact that over ₹5,000 crore was paid out last year alone is a significant amount, and it highlights the importance of the gig economy in providing livelihoods to many Indians.
The growth of the gig economy in India can be attributed to several factors. One of the main reasons is the increasing demand for food delivery and other services. With the rise of e-commerce and the growing middle class, there is a increasing demand for convenient and affordable services. The gig economy has been able to tap into this demand, providing a flexible and efficient workforce to meet the needs of consumers.
Another factor contributing to the growth of the gig economy is the availability of cheap and affordable smartphones. With the widespread adoption of smartphones, many Indians have been able to access the gig economy, working as delivery partners, ride-hailing drivers, and other types of workers. This has enabled many individuals to earn a decent income, often working on a part-time or flexible basis.
The gig economy has also been able to provide employment opportunities to many Indians who may not have been able to find work in the traditional formal sector. With the rise of the gig economy, many individuals have been able to earn a decent income, often working on a part-time or flexible basis. This has been particularly beneficial for individuals who may not have had the skills or qualifications to work in the formal sector.
However, despite the growth of the gig economy, there are still concerns about the working conditions and earnings of delivery partners. Many delivery partners have complained about low earnings, long working hours, and lack of benefits. There have also been concerns raised about the lack of job security and the impact of the gig economy on traditional employment.
To address these concerns, many companies, including Swiggy, have been working to improve the working conditions and earnings of delivery partners. For example, Swiggy has introduced several initiatives to support its delivery partners, including providing them with insurance coverage, health benefits, and other perks. The company has also been working to improve the earnings of its delivery partners, by introducing new incentives and bonuses.
In conclusion, the gig economy has become a significant sector in India, providing livelihoods to millions of people. With the rise of the gig economy, many individuals have been able to earn a decent income, often working on a part-time or flexible basis. The fact that delivery partners earned over ₹5,000 crore last year alone is a testament to the substantial income flowing back into the hands of these workers. As the gig economy continues to grow and evolve, it is likely to play an increasingly important role in providing employment opportunities to Indians.
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